May 17 , 2026
14 hrs 0 min
15
- The Securities and Exchange Board of India proposed GARUDA, a green-channel mechanism for Alternative Investment Funds (AIFs).
- GARUDA stands for Green-Channel: AIF Rollout Upon Document Acknowledgement.
- The proposal aims to reduce the AIF scheme launch time from 30 days to 10 working days after filing the Placement Memorandum (PPM).
- AIFs are privately pooled investment funds regulated under the SEBI (Alternative Investment Funds) Regulations, 2012.
- Angel Funds and Accredited Investor-only schemes may get immediate launch approval after direct PPM filing with SEBI.
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